"We have extended with MotoGP for five years. Chase Carey likes to be with us and wants to continue, so it won’t be a big problem to extend."

Red Bull-Honda is notably upbeat about its chances in 2020, and Mateschitz agrees that the premier team should have a good shot at the title.

"We clearly have higher expectations this year," he admitted. "Our engine partner Honda did an excellent job in the winter - we did kilometres on the test bench like never before, without any problems.

"The engine enables us to be at the front both in performance and reliability.

"Continuity is also important and everyone in key positions has stayed the same. The problems we had at the beginning in 2019 will not exist this year, we can say that already."

However, Honda is yet to commit to F1 beyond 2021, with Mateschitz commenting: "That also depends on us, but we still have two seasons before us."

Finally, when asked if Sebastian Vettel might return to Red Bull in 2021, he answered: "That isn’t the intention."